Promotion System
Sustainability Promotion System and Functions
In line with the transition to sustainability management, we have reviewed the structure of the CSR Committee and CSR Working Group (CSR-WG), changed parts of our systems, and distributed functions, based on consideration of past CSR activity results and issues (March 2024: Figure below).
The functions of the CSR Committee, which previously oversaw CSR-related activities and approved policies and plans for important matters, have been integrated into the Board of Executive Officers. This will promote efficient deliberation and decision-making, as well as more synchronized initiatives based on the relationship of business plans and policies with sustainability. In addition, the CSR Working Group, which played a core role in planning, implementation, and managing schedules for CSR activities, has been renamed the Sustainability Committee. This committee will take over the support functions of the three previous committees (Compliance, Risk Management, and RC Promotion) and will work with the subcommittees and working groups established under it to promote more effective activities than ever before. In addition, the CSR Promotion Department, which functioned as the administrative office of the CSR-WG, has been reorganized as the Sustainability Promotion Department of the Corporate Planning Division. The Corporate Planning Division will work to visualize the overall picture of promotional activities from a company-wide and group-wide perspective, while working to carry out flexible and efficient activities.
Through the reorganization of these systems and functions, we will be able to further promote efforts to increase both financial and non-financial value (sustainability management) from the perspective of business execution responsibility.
Sustainability Promotion Department: The Sustainability Promotion Department, renamed from the previous CSR Promotion Department, has been established within the Corporate Planning Division. It fulfills a fundamental role in the Group's sustainability activities through planning sustainability initiatives, managing overall activity plans, results and responses to external institutions, sharing information and coordinating with domestic and overseas Group companies, and conducting awareness-raising activities.
Sustainability Committee: The Committee was established as the management entity for sustainability management. The Committee draws up and establishes key policies and regulations, while effectively promoting and managing the Group's sustainability activities through various related measures. Additionally, the Committee supervises three committees: Compliance, Risk Management, and Responsible Care Promotion.
Board of Executive Officers: The Board of Executive Officers takes over the functions of the previous CSR Committee (authority to approve matters for deliberation) and ensures appropriate and smooth decision-making through Executive Officers' deliberations on sustainability-related issues and measures. From a business execution standpoint, it works to strengthen comprehensive sustainability management, including reports from the three related committees and internal control and J-SOX audit reporting (Internal Control & Audit Department) related to financial reporting.
Board of Directors: The Board of Directors makes final decisions on sustainability-related initiatives. Important sustainability matters approved by the Board of Executive Officers receive multifaceted recommendations and advice at Board of Directors meetings, leading to enhanced unity between management and employees in sustainability management.
